$USDJPY at crossroads - may be due for a pullback

U.S. Dollar/Japanese YenFXCM

Description

⋅ Dec 1, 2016 5:23 AM

USDJPY at a critical juncture medium term. Wkly 100 sma @ 114.75 plus fib resistance @ 114. Downtrend line support @ 108 then 106.65 Fib support. This could affect gold, miners and equities near term as carry trades get unwound.